MIAMI -- (Business Wire)
On September 30, 2016, the Fairholme Focused Income Fund (“FOCIX” or the
“Fund”) distributed an Ordinary Income dividend of $0.15228 per share to
shareholders of record as of September 29, 2016. The Fund’s Net Asset
Value (“NAV”) was reduced by the amount of the distribution.
The Record Date, Ex-Dividend Date, Payable Date, and Cents-Per-Share are
as follows:
THE FAIRHOLME FOCUSED INCOME FUND
|
|
Distribution Type
|
|
Record Date
|
|
Ex-Dividend Date
|
|
Payable Date
|
|
Cents-Per-Share
|
Ordinary Income
|
|
September 29, 2016
|
|
September 30, 2016
|
|
September 30, 2016
|
|
$0.15228
|
Past performance is not a guarantee of future results.
The Fund’s investment objectives, risks, charges, and expenses should
be considered carefully before investing. The prospectus
contains this and other important information about the Fund, and it may
be obtained by calling Shareholder Services at (866) 202-2263 or
visiting our website www.fairholmefunds.com.
Read it carefully before investing.
Investing in the Fund involves risk including loss of principal.The
Fund is a non-diversified mutual fund, which means that the Fund invests
in a smaller number of securities when compared to more diversified
funds.This strategy exposes the Fund and its shareholders to
greater risk of loss from adverse developments affecting portfolio
companies.The Fund’s investments are also subject to interest
rate risk, which is the risk that the value of a security will decline
because of a change in general interest rates.Investments
subject to interest rate risk will usually decrease in value when
interest rates rise and rise in value when interest rates decline.Also,
securities with long maturities typically experience a more pronounced
change in value when interest rates change. Debt securities are subject
to credit risk (potential default by the issuer). The Fund may invest
without limit in lower-rated securities. Compared to higher-rated fixed
income securities, lower-rated debt may entail greater risk of default
and market volatility.
Fairholme Distributors, LLC (9/16)
View source version on businesswire.com: http://www.businesswire.com/news/home/20160930005983/en/
Contacts:
Fairholme Funds, Inc.
Jodi Lin, 305-358-3000
Source: Fairholme Funds, Inc.
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